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Tora releases portfolio and risk management tech

05 November 2014

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Source: TORA

TORA, the leading provider of advanced trading technology and financial services, announced today the release of its Portfolio and Risk Management system Prism With this release, TORA now offers clients advanced portfolio and risk features in a flexible user interface, fully integrated with its award winning Order and Execution Management System TORA Compass.

“The TORA Portfolio and Risk Management products were developed for several of our TORA Compass customers who were looking for a complete solution”, said Robert Dykes, CEO of TORA. “We’ve successfully deployed our Portfolio and Risk products to several large global multi-strategy funds, as well as new fund launches, and we’re excited to introduce the product to the broader market today.” TORA’s Portfolio and Risk Management system delivers real time profit and loss (PnL) coupled with a true real time risk system offering VaR, risk scenarios and exposure bucketing. The system is multi asset covering all asset types including listed, OTC and fixed income instruments. The portfolio system contains all historical transaction information allowing users to look at PnL, exposure and risk instantly over any time period.

“Hedge funds have, in the last few years, been demanding a true front-to-back solution offering the best of breed functionality coupled with a minimal IT footprint and an easy implementation”, said Dykes. “What makes us different to other solutions is that every TORA product is built in-house with one development team, under one roof; building products that are integrated from the start.” All TORA’s products are fully hosted to relieve the operation and technology burden on their clients and delivered as a turnkey solution.

“From a functional perspective, we focused our efforts on implementing the features that matter most to hedge funds while using cutting edge technologies” said Oren Blonstein, Managing Director, Product Development, “This allowed us to develop an incredibly flexible yet real-time profit and loss system, fully integrated end-to-end e-locate and borrow management, a comprehensive risk system, automated reconciliation on trades, positions and cash movements as well as rebalancing and compliance.”